I have some questions about the website and the room:

1) what is the difference between a Trigger & a Maxpan trade ?

2) Is the trackrecord as shown on the site a newbie trackrecord? With this I mean, are newbies supposed to take all those trades?

3) The trackrecord is for 5 contracts - 5$ commissions ?

4) what kind of account is needed to trade 5 contracts ?

Maildigger,

I will answer all your questions in the order in which you inquired.

1) Trigger trade is a trading alert call based on Alex's TTW system of filters and triggers. They are called in text and audio in the room and are suitable for all traders. MaxSpan is a longer term 'swing' type setup which uses a wider stop. It's more of a trend following system. The setup rules for it are in our 'setups' forum and available to all trials and members.

2) We call it the 'newbie' track record because the trades shown on that record are only based upon the first target. A lot of times we'll be in a profitable trade and move on to a second target for bigger gains. That target is not included in the track record. We want to show what a newbie should be doing not a seasoned professional. This is why some of our users do better then the track record.

3) Yes, we're using $5 commissions. However brokers such as Infinity and IB have a bit lower commissions. Usually around $4 Just divide the total P&L by 5 if you want to see the results with 1 contract.

4) The type of account you need depends on the brokers margin requirements. With http://www.infinitybrokerage.com you'd need an account size of $3000. I believe their margin is $500 per YM contract. Please check with them as it may have gone up or down. There is also a link to a simulator on our FAQ page at http://puretick.com/faq.html It sounds like you have not traded futures before, please use a live simulator and follow along for a few weeks before jumping in to cash.

What kind of charting software you combine with IB ?

I use eSignal. I've had good luck with it and I like the tick-by-tick market replay. Great for back testing.

Geoff

In "x reasons why futures are better" I looked at nr4:

Market liquidity Futures are always liquid enough. Market orders are instant. No strange fills do jumps.

Can you give me an idea about the total average bid/ask size in contracts of YM at a certain price?

Cajun:
Posting as Spectra on ET you stated:

Care to share how you spent over 20 grand? Is that just trading losses or:

Did you attend live courses or seminars?

Did you take any of the online courses offered?

Did you buy any of the packaged courses offered on tape /cd/dvd?

Any books or newsletters?

And finally how about trading rooms?

If you did any of the above, what helped, what was a waste of money and what finally turned you around?

I did all of the above! The best thing was just sitting here doing it.. pulling the trigger. The expierence is what counts. Sitting in a room with a bunch of people did not help me one bit. I did learned more from web sites and one on one mentoring.

Want to elaborate a bit? What courses/seminars/did you take? What other stuff did you waste your money on? What particular web site or sites?
Might be of some value to those of us searching for the non-existant "Holy Grail"

I have been browsing your web site to learn more about your service.

From what I have read so far that for a new trader first partial profit target is 5 ticks however the initial stop loss is about 20 ticks. Is my understabding correct ?

Do I need to have specific charting and datafeed software to trade with your calls ?

MaxSpan call are not for day traders ?

I would appreciate if you could clarify the above questions.

Thank You.

CS:

I’d post this on ET but you are getting a pretty hard time there.

Do you think it would be beneficial to keep the Maxspan results separate from the room calls?

Two different approaches to the market. You need two different accounts to trade them. Why not keep the results separate?